We invite you to consider a 5 year pledge commitment to help transform our future with the renovation and enhancement of our North Academic Wing. Please review the giving plans and opportunities below and join us in Shaping the Future of Cardinal Newman High School.
Annual contributions to this Appeal are fully tax-deductible (except in the instance of the IRA charitable rollover, further explained below).
If you have a non-Roth IRA and are aged 72 or older, you must take a required minimum distribution (RMD) every year. You are permitted to make a qualified charitable distribution (QCD) to satisfy all or part of your annual RMD. Through a QCD, you may transfer up to $100,000 per year to Cardinal Newman High School. As a charitable gift, this distribution comes straight from your IRA to Newman. It does not pass through your hands and therefore is not taxed as income, but it does count toward your annual required minimum distribution. Since the funds are not claimed as income, the IRA rollover cannot be deducted on your tax return.
Gifts of appreciated stock allow you to avoid the capital gains tax as you support the Crusaders. Newman immediately sells the stock for its current market value, and you can deduct that same current value from your taxes.
Many employers offer matching gift programs that provide employees and retirees the opportunity to multiply their gifts to educational institutions. We encourage all donors to apply for matching funds directly with their human resources department. Once your gift is received at Cardinal Newman, our Development Office can provide the necessary verification your company may require to approve your application.